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Capital One vs Discover Bank

Capital One is a good online bank with access to in-person support. How does it compare to Discover? Read our comparison chart below.

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

While Discover offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. In addition, Discover offers checkback checking. There are no service fees.

Compare Capital One with Discover, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Discover Bank
 Learn MoreVisit Site
 

Capital One

Discover Bank

SPECIAL OFFER
Current Promotion - Learn More

Read Capital One Review

SPECIAL OFFER
Online Savings Account - Earn 1.70% APY - Learn More

Read Discover Review

 

Benefits and Features

Savings
1.70% APY
1.70% APY
CD0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%0.35% to 2.20% APY. Terms of 3 months to 10 years. 12-month CD APY of 2.00%. Minimum deposit of $2,500 to open.
Checking
0.20% APY
Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market 1.55% APY under $100,000; 1.60% APY $100,000 or more. $2,500 minimum deposit.
Customer Service
Mon-Sun: 8am - 11pm (ET)
24/7
ATMsOver 39,000 no-fee Capital One & Allpoint ATMs
Over 60,000 no-fee ATMs
IRA CD0.60% to 2.00% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.00%.12-month CD APY of 2.00%. 24-month CD APY of 2.05%. 5-year CD APY of 2.10%.
Locations
Online Only
Online Only
 

CreditDonkey® Reviews

 Discover Bank
Savings
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineGood online bank with access to in-person support... Read full reviewSolid online bank with high APY rates and good customer service... Read full review
 Learn MoreVisit Site
What Others View

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Capital One: Pricing information from published website as of 01/22/2020.

    Discover: Pricing information from published website as of 10/31/2019

    Which is Better: Capital One or Discover?

    Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Capital One or Chase.

    In short: Discover's savings and money market are worth mentioning. In particular, the money market is outstanding.


    Articles on Capital One


    Articles on Discover Bank

      Discover Bank

      Discover offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

      Discover Savings Bonus

      Want a high yield savings account? Discover Bank has a bonus promo for opening your first savings account, plus a % APY and no fees. Find out how to qualify for the Discover Savings bonus.

      Discover Savings Review

      Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.

      Discover Checking Review

      With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.

      Discover CD Rates

      Discover Bank's CD account offers high rates and no hidden fees. But is the term worth it? Read this review before you open a CD.

    Which Do You Think is Best?

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